Vault-13

DRUGS MADE IN AMER ACQUTN CO DMAA

ORD SHS · Common Stock · CUSIP G2847J104

23 institutional holders -16 vs Q1 2026
13,963,90314.0m shares reported held*
57.5% of all shares outstanding*
$145.8mreported value*
1 new 3 added 15 reduced 17 sold out net sold ≈ $94.8m (-8.9m shares)

* Summed across managers. Shares that two managers' reports both contain – a subsidiary's holdings that its parent's report includes too, or a sub-adviser's in its client's – are counted once. Holder counts are more reliable. Shares outstanding: 24.3m as of 2026-08-14, from the company's own SEC filing; the percentage can still exceed 100%: lent-out shares are counted by the lender and the buyer, and some reports overlap without saying so. Implied quarter-end price ≈ $10.44.

Trends to Q2 2026

Institutional holders

Managers reporting a position, each quarter

02040Q1 25: 25Q2 25: 33Q3 25: 37Q4 25: 39Q1 26: 39Q2 26: 2323Q1 25Q2 25Q3 25Q4 25Q1 26Q2 26
Numbers
QuarterHolders
Q1 202525
Q2 202533
Q3 202537
Q4 202539
Q1 202639
Q2 202623

Buyers vs sellers

Managers adding to or starting a position, vs cutting or selling out

Bought or addedCut or sold out
40040Q2 25: 17 bought or addedQ2 25: 8 cut or sold outQ2 25Q3 25: 16 bought or addedQ3 25: 14 cut or sold outQ3 25Q4 25: 13 bought or addedQ4 25: 8 cut or sold outQ4 25Q1 26: 12 bought or addedQ1 26: 13 cut or sold outQ1 26Q2 26: 4 bought or addedQ2 26: 32 cut or sold outQ2 26
Numbers
QuarterBought or addedCut or sold out
Q2 2025178
Q3 20251614
Q4 2025138
Q1 20261213
Q2 2026432

Biggest buyers

MIZUHO SECURITIES USA LLC Added +2,069,605+2.1m
Logan Stone Capital, LLC New +109,959+110.0k
Clear Street Group Inc. Added +28,392+28.4k
JPMORGAN CHASE & CO Added +10+10

Biggest sellers

First Trust Capital Management L.P. Reduced -1,456,041-1.5m
Westchester Capital Management, LLC Reduced -1,087,210-1.1m
WOLVERINE ASSET MANAGEMENT LLC Reduced -721,615-721.6k
D. E. Shaw & Co., Inc. Sold out -690,000-690.0k
GLAZER CAPITAL, LLC Reduced -678,507-678.5k
Shaolin Capital Management LLC Sold out -550,000-550.0k
Radcliffe Capital Management, L.P. Sold out -546,808-546.8k
ARISTEIA CAPITAL, L.L.C. Reduced -531,716-531.7k
HIGHBRIDGE CAPITAL MANAGEMENT LLC Reduced -514,297-514.3k
LMR Partners LLP Sold out -500,000-500.0k

Major shareholders (over 5%)

Anyone who owns more than 5% of a class of the company's shares has to say so: on Schedule 13D if they may try to influence or control the company, on 13G if they're a passive investor, and update it as the stake changes. Each holder's latest filing, from 19 Dec 2024 on; percentages are of the share class, as the holder worked them out.

HolderStakeChangeShares Last filed
Drugs Made In America Acquisition LLC 13D · may seek influence new · filed 2025-03-03
Stated purposeThe information set forth in Item 3 above is incorporated into this Item 4 by reference. The Reporting Persons may acquire additional securities of the Issuer, or retain or sell all or a portion of the securities then held, in the open market or in privately negotiated transactions. Lynn Stockwell serves as Chief Executive Officer and Executive Chair of the board of directors of the Issuer, and, in such capacity, may have influence over the corporate activities of the Issuer, including activities which may relate to items described in subparagraphs (a) through (j) of Item 4 of Schedule 13D. Except as described in this Statement, each of the Reporting Person does not have any present plans or proposals that relate to or would result in any of the actions described in subparagraphs (a) thr… Full filing
 12.5% new 4.2m≈ $35.6m 2025-03-03
Karpus Management, Inc. 13G · institution +2.1 pts · filed 2026-08-14 10.3% +2.1 pts 2.5m≈ $26.7m 2026-08-14
MIZUHO FINANCIAL GROUP INC 13G · institution +2.5 pts · filed 2026-08-13 8.5% +2.5 pts 2.1m≈ $21.9m 2026-08-13
Polar Asset Management Partners Inc. 13G · institution new · filed 2025-05-15 5.7% new 1.9m≈ $16.2m 2025-05-15
Feis Equities LLC 13G · passive investor new · filed 2026-06-26 5.1% new 1.2m≈ $13.1m 2026-06-26

Fell to 5% or below in the last year: First Trust Capital Management L.P. (3.2%, 2026-08-14), GLAZER CAPITAL, LLC (4.1%, 2026-08-13), Hudson Bay Capital Management LP (4.6%, 2025-11-12)

Insider purchases and sales since 1 Apr 2026

Shares bought or sold by the company's own officers, directors and 10% owners, in the open market or privately, as they reported to the SEC on Form 4 (due within two business days of the trade). Grants, option exercises, shares withheld for tax and gifts aren't included.

Officers and directors buying vs selling

Number of people, by quarter (10% owners not included)

BuyingSelling
101Q4 24: 0 buyingQ4 24: 0 sellingQ1 25: 1 buyingQ1 25: 1 sellingQ1 25Q2 25: 0 buyingQ2 25: 0 sellingQ3 25: 0 buyingQ3 25: 0 sellingQ3 25Q4 25: 0 buyingQ4 25: 0 sellingQ1 26: 0 buyingQ1 26: 0 sellingQ1 26Q2 26: 0 buyingQ2 26: 0 sellingQ3 26: 0 buyingQ3 26: 0 sellingQ3 26
Numbers
QuarterBuyingBoughtSellingSoldSold under a plan
Q4 20240—0——
Q1 20251—1——
Q2 20250—0——
Q3 20250—0——
Q4 20250—0——
Q1 20260—0——
Q2 20260—0——
Q3 20260—0——

None reported since 1 Apr 2026.

Holders, Q2 2026

#ManagerLocationShares Value% of their portfolioChangeShares change
1 MIZUHO SECURITIES USA LLC 0.41% of their portfolio NEW YORK, NY 4,069,6054.1m $42.8m $42.8m 0.41% Added +2.1m +2,069,605
2 Karpus Management, Inc. 0.77% of their portfolio Pittsford, NY 2,507,8172.5m $26.7m $26.7m 0.77% Reduced -22.7k -22,700
3 Polar Asset Management Partners Inc. 0.22% of their portfolio TORONTO, A6 1,146,0001.1m $12.2m $12.2m 0.22% Reduced -454.0k -454,000
4 GLAZER CAPITAL, LLC 0.26% of their portfolio New York, NY 999,899999.9k $10.6m $10.6m 0.26% Reduced -678.5k -678,507
5 WOLVERINE ASSET MANAGEMENT LLC 0.12% of their portfolio CHICAGO, IL 832,093832.1k $8.9m $8.9m 0.12% Reduced -721.6k -721,615
6 HIGHBRIDGE CAPITAL MANAGEMENT LLC 0.29% of their portfolio NEW YORK, NY 809,054809.1k $8.6m $8.6m 0.29% Reduced -514.3k -514,297
7 First Trust Capital Management L.P. 0.49% of their portfolio CHICAGO, IL 786,459786.5k $8.4m $8.4m 0.49% Reduced -1.5m -1,456,041
8 HEIGHTS CAPITAL MANAGEMENT, INC 1.59% of their portfolio SAN FRANCISCO, CA 648,083648.1k $6.9m $6.9m 1.59% Reduced -1.9k -1,917
9 Westchester Capital Management, LLC 0.31% of their portfolio VALHALLA, NY 581,790581.8k $6.2m $6.2m 0.31% Reduced -1.1m -1,087,210
10 Clear Street Group Inc. 0.01% of their portfolio NEW YORK, NY 382,440382.4k $1.6m $1.6m 0.01% Added +28.4k +28,392
11 ARISTEIA CAPITAL, L.L.C. 0.06% of their portfolio GREENWICH, CT 350,000350.0k $3.7m $3.7m 0.06% Reduced -531.7k -531,716
12 SONA ASSET MANAGEMENT (US) LLC 0.06% of their portfolio NEW YORK, NY 162,795162.8k $1.7m $1.7m 0.06% Unchanged
13 RLH Capital LLC 0.59% of their portfolio Great Neck, NY 115,606115.6k $1.2m $1.2m 0.59% Reduced -200.9k -200,945
14 Logan Stone Capital, LLC 0.25% of their portfolio CHICAGO, IL 109,959110.0k $1.2m $1.2m 0.25% New
15 TORONTO DOMINION BANK 0.00% of their portfolio TORONTO, ONTARIO, A6 100,000100.0k $1.1m $1.1m 0.00% Reduced -103.8k -103,838
16 Meteora Capital, LLC 0.09% of their portfolio Boca Raton, FL 97,83797.8k $1.0m $1.0m 0.09% Reduced -282.5k -282,462
17 Quarry LP 0.11% of their portfolio NEW YORK, NY 65,55165.6k $698.1k $698.1k 0.11% Reduced -201.0k -201,000
18 GEODE CAPITAL MANAGEMENT, LLC 0.00% of their portfolio BOSTON, MA 62,27362.3k $663.2k $663.2k 0.00% Unchanged
19 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 49,89149.9k $531.3k $531.3k 0.00% Added +10 +10
20 Dakota Wealth Management 0.01% of their portfolio PALM BEACH GARDENS, FL 36,40036.4k $387.7k $387.7k 0.01% Unchanged
21 Lineage Point Capital LP 0.07% of their portfolio PALM BEACH, FL 31,84031.8k $339.1k $339.1k 0.07% Unchanged
22 HRT FINANCIAL LP 0.00% of their portfolio NEW YORK, NY 18,48318.5k $196.0k $196.0k 0.00% Reduced -9.0k -9,004
23 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 2828 $298 $298 0.00% Reduced -30 -30